The following data represent x = the total number of businesses and y = the number of
Question:
a. Draw a scatter diagram representing these data.
b. Using the eyeball method, fit a straight line to the data.
c. Does there appear to be any relationship between the variables? If so, is the relationship direct or inverse?
Transcribed Image Text:
y = Number of Business Failures x = Number of Businesses State 1090 Arizona 146,672 Colorado 2091 156,891 Idaho 46,787 312 Montana 43,961 191 Nevada 38,593 255 New Mexico 55,334 319 Utah 58,156 372 Wyoming 26,383 178
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We can use Excel to plot the data for us As can be seen from the graph there does appear ...View the full answer
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